AELEX Hosted the Banking & Finance Roundtable Themed; ‘Unlocking DFI Funding For The Private Sector’
August, 2019 - Nigeria
In Nigeria, traditional bank financing for projects is proving steadily more difficult to access as interest rates for Naira loans remain very high and obtaining US Dollar loans becomes increasingly difficult.
This has led private investors and sponsors to a search for non-traditional sources of financing for their projects.
It was on these lines, that ǼLEX hosted a roundtable which brought together stakeholders and project sponsors with discussions focused on how to structure and pitch projects such that they attract funding from Development Finance Institutions (“the Roundtable”).
The Roundtable was co-ordinated by Dr. Adesegun Akin-Olugbade, the Firm’s International Counsel. Dr. Akin-Olugbade. He has over 30 years of experience in the legal profession and financial services sector and was the General Counsel of African Development Bank (AfDB), Africa’s pre-eminent multilateral financial institution. He has also served as the Chief Legal Officer of African Export- Import Bank (AFREXIM), Africa’s leading trade finance institution. Most recently, he served as Executive Director, Chief Operating Officer and General Counsel at Africa Finance Corporation (AFC), Africa’s foremost infrastructure development financing institution.
Guests benefited from the insightful presentations and contributions from ǼLEX Partners like Mr Lawrence Fubara Anga and Mr Olusina Sipasi of the firm’s Banking and Finance, and Capital Markets practices.
